Electric Vehicle Charging Infrastructure Market to Witness Robust Growth by 2030

The global electric vehicle charging infrastructure market size reached USD 5.64 Billion in 2020 and is expected to register a revenue CAGR of 38.6%, during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of Electric Vehicles (EVs) is expected to drive market revenue growth, as carbon emissions continue to rise and more stringent norms are being deployed.

Increased adoption of plug-in electric cars is being driven by rising levels of carbon emissions and other harmful pollutants produced by transportation fleets. As a result, demand for electric vehicle charging stations in both public and private locations is rising. Rising demand for green energy is also expected to contribute to revenue growth of the market going ahead. Green energy is expected to play a key role in both public and private electric charging points. For plug-in and hybrid-electric vehicle owners, carbon emissions are a major concern.

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Some major companies in the market include Chargepoint, Inc., Tesla Inc., Chargemaster Limited (BP Pulse), ABB Ltd, Electrify America LLC, EV Connect, Inc., Greenlots, SemaConnect, Inc., ClipperCreek, Inc., and Siemens AG.